CAP Services Partners with Baker Hill to Support Lending Program

Nonprofit selects Baker Hill NextGen® to help create new businesses,
jobs for low-income individuals throughout central and eastern Wisconsin

March 05, 2019 10:01 AM Eastern Standard Time

CARMEL, Ind.--(BUSINESS WIRE)--Baker
Hill, a leading provider of technology solutions for common loan
origination, risk and relationship management, CECL compliance, and
smart data analytics, announced that CAP
Services, Inc., a nonprofit offering small business assistance and
financial support to low-income individuals, has selected Baker Hill
NextGen® Statement Spreading to provide underwriters and credit analysts
the reporting options they need to make sound credit decisions.

Wisconsin-based CAP Services is a private, nonprofit corporation,
offering more than two dozen programs throughout Marquette, Outagamie,
Portage, Waupaca and Waushara counties to help low-income individuals
become economically and emotionally self-sufficient. As part of its
programs, CAP provides technical assistance at no charge to low-income
individuals starting a business or to businesses committed to creating
jobs for low-income individuals. CAP’s business development coordinators
help individuals develop their business plan and assemble a financing
package, which can include gap financing from CAP and its lending arm, Community
Assets for People. Since 1997, CAP has helped more than 300
businesses start or expand, resulting in nearly 600 living-wage jobs.

To support this growing program, CAP Services needed a solution that
allowed them to gain greater insight into its commercial lending
underwriting process. After reviewing several providers, the nonprofit
selected Baker Hill NextGen® Statement Spreading, which will enable CAP
to improve the quality and consistency of its financial analysis. A core
component of the Baker Hill NextGen® platform, its statement spreading
solution facilitates reporting, data collection, global cash flow,
covenants, a comprehensive credit memorandum and more – all in one
central location.

“At CAP Services, our mission is to transform people and communities and
advance social and economic justice,” said Laura West, Vice President of
Business Development for CAP Services. “A large part of doing so means
helping individuals create businesses and jobs within their communities.
In turn, local economies thrive and individuals improve the quality of
their lives.”

West continued, “We were looking to partner with a company with a deep
understanding of financial services, which led us to Baker Hill. The
company’s over 30 years of experience and its superior technology makes
them an ideal partner for us. We’re excited to work with them and look
forward to expanding our program.”

“Having the right technology to manage risk is critical for financial
institutions, including to remain competitive,” said John M. Deignan,
President and CEO of Baker Hill. “Because CAP Services, like other
Community Development Financial Institutions (CDFIs), works with people
with unique needs and requirements, it needed a unique solution. With
Baker Hill NextGen® Statement Spreading, the nonprofit and
its CDFI will be more nimble and proactive to make decisions and
processes easy for individuals. As a result, CAP will decision loans
quicker and help its communities start new businesses faster. We’re
pleased to help support their mission.”

About CAP Services

CAP Services, Inc. has been on the front line of the war on poverty
since 1966. More than two dozen programs are offered by CAP Services to
transform people and communities to advance social and economic justice.
By addressing both the human and community development needs in its
five-county service area, CAP Services builds the capacity of low-income
people to become economically and emotionally self-sufficient. CAP, a
private, nonprofit corporation, offers programs in Marquette, Outagamie,
Portage, Waupaca, and Waushara counties and is headquartered in Stevens
Point. For more information, visit capservices.org.

About Baker Hill

Baker Hill empowers financial institutions to work smarter, reduce risk
and drive more profitable relationships. The company delivers a single
unified platform with modern solutions to solve CECL calculations and
streamline loan origination and portfolio risk management for
commercial, small business and consumer lending. The Baker Hill NextGen® platform
also delivers sophisticated analytics and marketing solutions that
support sound business decisions to mitigate risk, generate growth and
maximize profitability. Baker Hill is the expert solution for loan
origination, portfolio risk and relationship management, CECL compliance
and analytics for financial institutions in the United States. For more
information, visit www.bakerhill.com.